Update on Carmen EusebiaCarmen is continuing to operate her grocery store. She sells items such as rice, sugar, milk, sodas and other products. She is a hardworking and responsible person who is highly motivated to continue working for her family. At the same time she is continuing to run an oil change service to help her family get ahead.
She is seeking the loan in order to buy merchandise for her store, such as sodas. She is grateful for the loan opportunity and promises to repay her loan according to the agreed-upon schedule.
La socia solicita el credito para la compra de mercaderia para la tienda como gaseosas.
La socia se encuentra satisfecha con el préstamo otorgado y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsSra. Carmen is a member of the Communal Bank “Amauta” which is located in the District and Province of Urubamba, Department of Cusco.
She is 65 years old, married, and has two children (ages 42 and 34). Carmen has a business in which she provides car wash and oil change services. She has… More from Carmen Eusebia's previous loan »
Important InformationAbout Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid